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Mandate
Coro identifies, secures, and develops open pit, heap-leachable properties with low capital costs and a minimum 450 million pounds of contained copper. All properties are located in countries with a perceived stable government and in areas of well-established infrastructure. We look for a minimum eight-year mine life and the potential to generate an ROI of 15% or more. Our ultimate objective is to develop a new mine every two-to-three years, and we're building a pipeline of projects to meet this goal.
Outlook
Coro's primary focus for the first half of 2008 is to conclude its evaluation of Cerro Negro, and if positive to finance its acquisition without delay. Further, assuming the positive outcome from the PEA on the San Jorge flotation project, which in the Company's opinion is not affected by the July 2007 legislation, the Company intends to initiate the permitting process by the middle of 2008. The Company is also working on finalizing a scoping study on the Flores group of properties. Finally, we continue to be encouraged by the results from our exploration portfolio and we look forward to drill testing some of these targets this year.
Our Team
Coro has assembled a board of directors and management team of proven mine-finders and developers with world-wide experience. This group has been selected particularly for its knowledge of, and association with, Latin American mining.
Our Properties
Coro has the option of purchase an operating copper mine in Chile and has two other principal mineral properties which are located in Chile and Argentina, as well as other exploration properties which are located in Chile.
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